NEW HANOVER COUNTY – In the coming days, New Hanover County property owners can expect to receive their property tax bills in the mail.
Property taxes are due on Sept. 1, but can be paid without interest until Jan. 5, 2017, according to a notice from New Hanover County. To assist property owners and encourage penalty-free payments, all tax bills will include four payment coupons that will reflect the total amount owed, divided into four equal payments. The coupons indicate a monthly due date from September through December.
On Jan. 6, 2017, taxes become delinquent and options for repayment are less flexible. Once taxes become delinquent, interest is added at the rate of 2 percent for the first month an additional .75 percent per month thereafter.
New Hanover County increased the property tax rate by 2 cents in 2015 and by 4.9 cents in 2016, for a total of 6.9 cents. Both tax rate increases were established in order to make payments on voter-approved debts. This 6.9 cents increase over the past two years is part of the overall New Hanover County current tax rate of 62.3 cents per $100 value.
Property owners will notice that the voter-approved debts are separated on the tax bill and listed as “debt fund.”
“This is to demonstrate that those funds are only being used for their intended purpose, which is paying the debt service payments on voter-approved bonds,” the notice reads.
New Hanover County offers various payment options to assist taxpayers in meeting their tax obligation before incurring additional interest and fees.
The New Hanover County Tax Office urges citizens to contact the office upon receipt of their tax bill alternative payment arrangements are needed. For questions about a bill or to make payment arrangements contact the county’s tax office at 910-798-7300 or visit the tax office website.